Bitcoin Cash (BCHUSD) weekly forecast on October 1 — 7, 2018

Cryptocurrency Bitcoin Cash (BCH/USD) is trading at 546.26. Quotes of the cryptocurrency are traded below the level of the moving average with a period of 55, indicating a bearish trend for Bitcoin Cash. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of the level 600.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 350.00.

Bitcoin Cash (BCHUSD) weekly forecast on October 1 — 7, 2018

The conservative sales area for Bitcoin Cash is near the upper boundary of the Bollinger Bands indicator bars at 610.00. The abolition of the continuation of the Bitcoin Cash fall will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the 700.00 area, which will indicate a change in the bullish trend for BCH/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.

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